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Apr 17, 2013
04/13
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going back to the oklahoma city bombing. as well as the bombing in. the special event that is designated as such like an inauguration. . the facts are that the vulnerability of these large mass gatherings is always there and always going to be -- >> we want to highlight the banner at the bottom of our programming which says. abc news reporting that no arrest has been made. it is clear to see that we are getting close including those made by nbc news. perhaps the most special day in the state of massachusetts and city of boston is a family event this is the very definition of terrorism, is it not? >> it certainly is. you can look at the soft target nature of this event the vulnerability is there. i keep coming back. the ones -- oklahoma world trade center. usually it's 180 degrees from you're given in work and theory when it first unfolds. i can that bombing in oklahoma city. until the oklahoma highway patrol picked up timothy. it turned out to be eric rudolph. i think time will tell. i don't expect this case to be solved quickly. >> thank you very muc
going back to the oklahoma city bombing. as well as the bombing in. the special event that is designated as such like an inauguration. . the facts are that the vulnerability of these large mass gatherings is always there and always going to be -- >> we want to highlight the banner at the bottom of our programming which says. abc news reporting that no arrest has been made. it is clear to see that we are getting close including those made by nbc news. perhaps the most special day in the...
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Mar 20, 2013
03/13
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sheet and the dissenter that the kansas city fed is representing. i think it's important and it's an important debate to have. oh, to be a fly on the wall. i think the minutes will be much more revealing. we knew they were going to evaluate the efficacy at the fed meeting so they had to acknowledge it. i will lean towards i think steve got it more right, it's more political than an actual action thing because when you talk to the fed and you see what they've been talking about, you don't see any pull back in terms of they feel it has been effective and if you start talking about the housing market, it's one of the places that's been the most effective and single housing starts is where the bang for the dollar is in employment. that's what's coming back. >> do we need to rethink our timing for the fed or is this what you would expect? >> i'm totally with diane on this. i think she made all the points you need to make. they're going to re-examine it but it is kind of working. let's give it some time. i love the fact they said inflation is running some
sheet and the dissenter that the kansas city fed is representing. i think it's important and it's an important debate to have. oh, to be a fly on the wall. i think the minutes will be much more revealing. we knew they were going to evaluate the efficacy at the fed meeting so they had to acknowledge it. i will lean towards i think steve got it more right, it's more political than an actual action thing because when you talk to the fed and you see what they've been talking about, you don't see...
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Apr 19, 2013
04/13
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the whole city is in lockdown. you have the faa instituting a no fly zone. amtrak shut down from new york to boston. so, what you're telling us is, its could be he's in connecticut or new york. >> well, could be. could have stolen a car. we just don't know. remember, the shootout with the police happened under the veil of darkness. then he drove off, driving over his brother, and then ditched that car. from that point on, the police didn't see him. so, i don't know where he is. and i think if the police knew where he was, they would be there right now, as well. >> right. >> let me say one other thing. people say, why did they not harm the man whose car was -- who they car jacked, and i think it's a very important reason why they didn't. they established a round with this guy, though it was a very brief one. he was a person. where as all the other people they targeted on monday, at the marathon, they were anonymous, faceless entities. it's a lot easier for criminals to target and kill those they don't even see. >> bill? >> yeah, i -- you know, senator mitch m
the whole city is in lockdown. you have the faa instituting a no fly zone. amtrak shut down from new york to boston. so, what you're telling us is, its could be he's in connecticut or new york. >> well, could be. could have stolen a car. we just don't know. remember, the shootout with the police happened under the veil of darkness. then he drove off, driving over his brother, and then ditched that car. from that point on, the police didn't see him. so, i don't know where he is. and i...
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Sep 27, 2013
09/13
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the action begins right now. ♪ >> live from the nasdaq markets, new york city's times square i'm melissa lee. these are the traders on the desk and in austin texas, we know about the dow and s & p 500 losing ground. but it's small caps that has this desk worried tonight. savvy options traders suggests trouble could be in store for this. this has been one of the best performing of the four major indices, what does this mean for the market? let's find out. let's start with the desk. dan, when you look at small caps, it's a bet on businesses mostly domestically oriented. >> desk bear. a little skeptical here. fair enough. listen, today, there was a trade we'll go through that caught my eye. but when you think about it, the russell 2,000, it is primarily a domestically focused small cap index. so to me, you know, this thing has performed well. massively outperformed the s & p, up 28%, the s & p is up about 18%. people are going for it. as we get to q-4. one of the things that worries me you have portfolio managers looking to rotate out of the stuff that performed very, very well. and look at
the action begins right now. ♪ >> live from the nasdaq markets, new york city's times square i'm melissa lee. these are the traders on the desk and in austin texas, we know about the dow and s & p 500 losing ground. but it's small caps that has this desk worried tonight. savvy options traders suggests trouble could be in store for this. this has been one of the best performing of the four major indices, what does this mean for the market? let's find out. let's start with the desk....
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Jul 19, 2013
07/13
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>> well, when kevyn came into the city back in late march, the goal was to try to fix the city without going through bankruptcy. but the mere fact that his background is one of the top bankruptcy lawyers in the country, it was obvious if we couldn't fix the city through negotiations, bankruptcy would be the next -- the next route to go, and he's taken that route as of yesterday. >> mayor bing, you are an nba hall of famer. you have been a very successful businessman in this country, and i'm sure this is not one of the things you wanted on your resume, presiding over the largest municipal bankruptcy in u.s. history. how did we get here? >> i think if you go back 50 or 60 years, quite frankly, is when the process started. it started with the migration of our citizens. we were almost 2 million people back in 1950, and today, we're about 700,000 people. so you lost all of those people, and most of them were middle-income people with families. and a lot of the revenue that we needed to run our city was outsourced to our suburbs, so that was the beginning of it, and we haven't rebounded from
>> well, when kevyn came into the city back in late march, the goal was to try to fix the city without going through bankruptcy. but the mere fact that his background is one of the top bankruptcy lawyers in the country, it was obvious if we couldn't fix the city through negotiations, bankruptcy would be the next -- the next route to go, and he's taken that route as of yesterday. >> mayor bing, you are an nba hall of famer. you have been a very successful businessman in this country,...
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Jan 14, 2013
01/13
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he's back with us on the fast line live from new york city. glen, welcome back. >> thanks. >> separate fact from fiction. how real are the worries that the market is disseminating today. >> well, you know, as we say we downgraded apple a month ago. we lowered numbers on the big supplier to apple and downgraded lg display as well. from our perspective those cuts are real. i think it's still unclear exactly why they're cutting. you could argue they overordered in q4. maybe yields have expanded. but the cuts -- >> what's interesting glen is that you've got every apple bull seemingly on the street today either putting a note out or making a comment or defending the stock by way of saying, oh, this is old news. i get it. okay. it may be old news the market was sniffing it out guys like you were sniffing it out you know weeks and weeks ago but now it seems as though the market is willing to take seriously what the most bullish people on wall street always want to ignore and that's negative news when apple comes down the pike. >> here's a way to thin
he's back with us on the fast line live from new york city. glen, welcome back. >> thanks. >> separate fact from fiction. how real are the worries that the market is disseminating today. >> well, you know, as we say we downgraded apple a month ago. we lowered numbers on the big supplier to apple and downgraded lg display as well. from our perspective those cuts are real. i think it's still unclear exactly why they're cutting. you could argue they overordered in q4. maybe...
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Sep 28, 2013
09/13
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the action begins right now. >>> live at nasdaq markets in new york city's times square. i'm melissa lee. these are the traders. we know about the dow and s&p losing ground. it is small caps that has the desk worried tonight. trouble could be in store for this. this has been one of the best performing of the four major indices. what does this mean for the market? >> usually, when you take a look at small caps, you think it is a bet on businesses domestically oriented. >> the desk bear. fair enough. >> you are the desk bear. >> today, there was a trade that we're going to go through that cut my eye. when you think about the ibm, the etf and the russell 2000, it is primarily a domestically focused small cap index. so, to me, this thing has performed really well. it has massively outperformed the s&p, up 20% versus the s&p, up 18%. this is where people are going for beta. as we get into q-4, one of the thing that worries me is that you may have portfolio managers looking to rotate out of some of the stuff that has performed very, very well. to me, there is nothing wrong with
the action begins right now. >>> live at nasdaq markets in new york city's times square. i'm melissa lee. these are the traders. we know about the dow and s&p losing ground. it is small caps that has the desk worried tonight. trouble could be in store for this. this has been one of the best performing of the four major indices. what does this mean for the market? >> usually, when you take a look at small caps, you think it is a bet on businesses domestically oriented....
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Nov 21, 2013
11/13
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let's go, jean, through the stats for the city of phoenix according to the crawford report as of november 14th. average sales priced right now about $215,000, median, about $165,000. average days on the market, 57. 3.7 months supply on the market. first let's go to 658 east mariposa place, just over $1,000 in paxs, three bedroom. nice price. >> yep, this is a sweet little property. great for the first-time homebuyer. it's a great room floor plan which a lot of the young people like. kitchen has modern things like granite countertops, stainless steel appliances. when you go upstairs, the three bedrooms are up there plus two bath. and a master bedroom for this size home is really sizeable. and a nice master bath. no big thrills there. >> looks like reasonably recent construction. let's move to our second listing, gene. an historical property built in 1925 at 1142 west lynwood in phoenix, asking $350,000, $1300 in tax, three bedroom, two bath, a little bigger, 1,500 square feet. where is this one relative to downtown phoenix? >> this one's right in the heart of downtown, just slightly west.
let's go, jean, through the stats for the city of phoenix according to the crawford report as of november 14th. average sales priced right now about $215,000, median, about $165,000. average days on the market, 57. 3.7 months supply on the market. first let's go to 658 east mariposa place, just over $1,000 in paxs, three bedroom. nice price. >> yep, this is a sweet little property. great for the first-time homebuyer. it's a great room floor plan which a lot of the young people like....
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Apr 17, 2013
04/13
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he worked on many cases from the oklahoma city bombings to the unabomber. >> welcome back. >> good to be with you. >> based on everything we know about the bomb that was used, what kind of person did this? >> even though the bomb itself has roots in asia, the middle east, this is a popular device on the internet we know for example in 2011 a former soldier at fort hood built two similar devices that he was going to attack the military that major nadal hasan did. it would be easy for one person to do this. easier for two. no indication that it's a group whatsoever. >> why don't you think anybody's taken credit for this? what's the point if you're going to do this and not make a statement at some point that's obvious? >> for example the anthrax centers. the fbi believes the scientist who committed suicide that did that never said look what i did. we got these letters that went out, but no one person, no one organization took credit. sometimes for some people the best secret is knowing something that nobody else in the world does. you watch tv, you know you did that, but nobody else know
he worked on many cases from the oklahoma city bombings to the unabomber. >> welcome back. >> good to be with you. >> based on everything we know about the bomb that was used, what kind of person did this? >> even though the bomb itself has roots in asia, the middle east, this is a popular device on the internet we know for example in 2011 a former soldier at fort hood built two similar devices that he was going to attack the military that major nadal hasan did. it would...
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Sep 16, 2013
09/13
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we do realize that we still have to move people through the city and around the city. it is now rush hour, approaching rush hour. as of right now i can say in terms of traffic flow, we want to keep people obviously as far away from the area where we're actively investigating as possible, but we have now opened 295, 395 and 695. we're asking people to avoid the area around the nats park and also the m street will remain closed from south capital to 11th street southeast. those are the areas we're asking people to avoid. this is still an ongoing investigation. we are continuing to ask our residents and communities and businesses in the immediate area to shelter in place and avoid the area as mentioned until we finish doing what we have had to. we are hoping in the next couple of hours to have information one way or the other on whether we can conclusively say we have all suspects or persons involved in this accounted for. there are some additional updates that have been going out in terms of the person that has been identified as the shooter in this case. that informatio
we do realize that we still have to move people through the city and around the city. it is now rush hour, approaching rush hour. as of right now i can say in terms of traffic flow, we want to keep people obviously as far away from the area where we're actively investigating as possible, but we have now opened 295, 395 and 695. we're asking people to avoid the area around the nats park and also the m street will remain closed from south capital to 11th street southeast. those are the areas...
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Oct 11, 2013
10/13
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the action starts right now. ♪ >> live from nasdaq markets in new york city's times square. these are the traders at the desk. playing russian roulette with american credit. the consumer that options action is watching tonight. because despite the rally in retail stocks, troubling signs emerging from very large retail names. is d.c. dysfunction pinching americans' pocket books? let's get in the money and find out. dan, i know you are worried about retailers for some time. now we have data from the gap, which really makes the picture worse. >> yeah. just this week, it's been going on a couple months. one of the things interesting to me. it's all -- all areas of retail, it's low end to the high end. back in august, we had disappointments from macy's and nordstrom, then on low end had target and walmart disappointing. then in between, panera, we had restaurants. so it's continued into this week. we saw himitted, gap, and cosco miss comps. to me, it shows there's a strained consumer out there, regardless whether the s & p is 1.5% back to its all time highs. it will make an all t
the action starts right now. ♪ >> live from nasdaq markets in new york city's times square. these are the traders at the desk. playing russian roulette with american credit. the consumer that options action is watching tonight. because despite the rally in retail stocks, troubling signs emerging from very large retail names. is d.c. dysfunction pinching americans' pocket books? let's get in the money and find out. dan, i know you are worried about retailers for some time. now we have...
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Oct 24, 2013
10/13
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find out how much home your money buys you in the area of the motor city. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >>> welcome back to "power lunch." check out arctic cat whose stock is melting aw
find out how much home your money buys you in the area of the motor city. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and...
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31
Apr 19, 2013
04/13
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eye 31
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really, the city is a ghost town. if you didn't have to come to work or couldn't, that was one issue. a lot of people chose to close businesses for the day which made a great deal of sense and very supported by the officials. once you get into your building and you're told don't go outside now it's a whole different feeling. it is very bizarre. in contrast to what's going on in watertown, it's massive activity. it is very, very quiet for us right now. it's about four blocks from my office to the studio. i think i walked by one person this afternoon and i don't think i saw a car. we are talking about something that is literally bizarre. >> how would you say the people in boston are handling this at this point? >> this is something that you're very used to seeing in a lot of the reporting you have done whether it's riots in greece or things outside of the united states. i think people in boston are handling this as well as can be expected. the unknown is the hardest part of this. now that the facts are unrolling and the
really, the city is a ghost town. if you didn't have to come to work or couldn't, that was one issue. a lot of people chose to close businesses for the day which made a great deal of sense and very supported by the officials. once you get into your building and you're told don't go outside now it's a whole different feeling. it is very bizarre. in contrast to what's going on in watertown, it's massive activity. it is very, very quiet for us right now. it's about four blocks from my office to...
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Jan 15, 2013
01/13
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of the dividend stocks. why? >> that's right. if you take a look what citi private bank is doing right now, we're looking for dividend equity but we're looking for the underlying fundamentals of the companies. balance sheets are improving, cash flows are improving and their dividend yields are going to improve and we think that combination given how high they are relative to treasuries gives an enormous opportunity in that space still. >> david, thank you very much. >> good to see you, sue, thanks very much. >> tyler? >> the end of a long and windy road and a bumpy one. lance armstrong confessing to using performance enhancing drugs. what are the legal ramifications for him? we'll be back. [ female announcer ] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just
of the dividend stocks. why? >> that's right. if you take a look what citi private bank is doing right now, we're looking for dividend equity but we're looking for the underlying fundamentals of the companies. balance sheets are improving, cash flows are improving and their dividend yields are going to improve and we think that combination given how high they are relative to treasuries gives an enormous opportunity in that space still. >> david, thank you very much. >> good to...
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Oct 16, 2013
10/13
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>> caller: jimmy from the city. boo-yah. >> boo-yah, tom. >> caller: thank you for taking my call. jim, thank you for talking to investors and not at them. my question, blackstone. i have a large position in it and love it. is there something that i'm missing? something i should be worried about? >> no. i think that this was just turned out to be a very undervalued story the whole way. i think there is a lot more movement ahead. this is a good buy. you should hold on to it. any pullback, it is a buy. they are doing everything right. there aren't many of us who are happy with what has been going on with d.c. these days for many reasons. jpmorgan has been getting roasted for a litany of things. some of which it did but much of which it didn't do. no justice, no peace. no good deed goes unpunished. >> mad about "mad money"? immerse yourself into cramer's world while you watch the show with zeebox, on your phone, tab let or web, get sneak peeks. go behind the scenes and join the conversation. download the free app today. ♪ ♪ [ male announcer ] eeny, meeny, miny, go. ♪ ♪ more ad
>> caller: jimmy from the city. boo-yah. >> boo-yah, tom. >> caller: thank you for taking my call. jim, thank you for talking to investors and not at them. my question, blackstone. i have a large position in it and love it. is there something that i'm missing? something i should be worried about? >> no. i think that this was just turned out to be a very undervalued story the whole way. i think there is a lot more movement ahead. this is a good buy. you should hold on to...
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Mar 1, 2013
03/13
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once again, there is a threat to the city of lon don't and its ability to retain talent. it could be a big deal. >> i want it read it quote from the london mayor who said, this is possible -- >> always outspoken mayor boris -- >> i wish he was our mayor. >> so he says since they tried to fix the price of groceries across the roam man empire -- a we all remember that, right? look, list city is crucial to london and british economy. if you put this in, it will kill the goose that laid the golden egg and. >> and this is set by the european union but it will also cost the states higher tex revenue. bonuses are taxed at 50% or higher. that's a whole lot of tax revenue lost for country currently under austerity plans. just to play devil's advocate -- >> this whole thing is so ridiculous. first of all, so -- >> okay were boris. >> no, his comment is perfectly valid. so just raise the salaries. do it that way. >> a worse impact than giving up bonuses -- >> gives them flexibility -- >> here is the problem. there is a popular outrage by high fat cat bonuses. something needs to be d
once again, there is a threat to the city of lon don't and its ability to retain talent. it could be a big deal. >> i want it read it quote from the london mayor who said, this is possible -- >> always outspoken mayor boris -- >> i wish he was our mayor. >> so he says since they tried to fix the price of groceries across the roam man empire -- a we all remember that, right? look, list city is crucial to london and british economy. if you put this in, it will kill the...
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98
Apr 22, 2013
04/13
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what's preventing the mississippi river from flowing into the city or town of clarksville. right now, this river is crested. it's going to be very slow coming down and then the crest will go down river to the south. below that and throughout the week, cape jirado and next week is the big concern. that's when all the snow up north in the dakotas and they feel they have won this round. they feel confident but there are a lot more rounds to come. >> and exploring a bid to buy the tribune company. >> they have done little in the media space, which is why the reported interest is drawing speculation that they have used the newspaper to promote small government and more. this includes the times and the chicago tribune. cook industries issuing a statement saying it as an entrepreneurial company. we are continstantly exploring ideas. it is our long standing -- now the la times in particular has drawn interest from news corps as well as a group led by billionaire billionaires the paper is becoming a battleground of sorts. it is said that the koch should not own the la times because
what's preventing the mississippi river from flowing into the city or town of clarksville. right now, this river is crested. it's going to be very slow coming down and then the crest will go down river to the south. below that and throughout the week, cape jirado and next week is the big concern. that's when all the snow up north in the dakotas and they feel they have won this round. they feel confident but there are a lot more rounds to come. >> and exploring a bid to buy the tribune...
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489
Apr 17, 2013
04/13
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boston not the only city experiencing terror this week. eamon javers is in washington with the latest on those suspicious letters, possibly tainted with the poison ricin. eamon? >> reporter: that's right, bill. a little bit of a jittery day up here on capitol hill. at one point, staffers got e-mails from the u.s. capitol police telling them to avoid the third floor of the hart senate office building, and at another point, this office behind me in the russell senate office building was actually closed down and a bomb squad came in to investigate a suspicious package here. a lot of nerves here, a lot of jitters in response to a letter to senator roger wickers office that tested positive in preliminary tests for the poison ricin. also today, the white house came out and said that indeed a letter had been found at the white house mail processing facility that was addressed to the president, that also tested positive in a preliminary test for ricin. so a lot of concern here about what might be going on here. at one point yesterday, a senator sa
boston not the only city experiencing terror this week. eamon javers is in washington with the latest on those suspicious letters, possibly tainted with the poison ricin. eamon? >> reporter: that's right, bill. a little bit of a jittery day up here on capitol hill. at one point, staffers got e-mails from the u.s. capitol police telling them to avoid the third floor of the hart senate office building, and at another point, this office behind me in the russell senate office building was...
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Apr 18, 2013
04/13
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. >> as we prepare for the oklahoma city car auction. i mean, if this was a person, it'd need life support. look how much it's bleedin'. but will a freak storm freeze us in our tracks? >> the roads are so icy. holy smokes. oh, [bleep]! >> [gasps] oh! >> and when bidding grinds to a halt... 11 grand? this is hurtin' me, bubba. i've gotta act fast... now we gotta make money, 'cause so far we're in the hole. or we'll be coming home empty-handed. >> tell jeff to lift the reserve. let me sell the car. let me sell the automobile. my name is jeff allen. i buy, fix, and flip cars. but i don't do it alone.
. >> as we prepare for the oklahoma city car auction. i mean, if this was a person, it'd need life support. look how much it's bleedin'. but will a freak storm freeze us in our tracks? >> the roads are so icy. holy smokes. oh, [bleep]! >> [gasps] oh! >> and when bidding grinds to a halt... 11 grand? this is hurtin' me, bubba. i've gotta act fast... now we gotta make money, 'cause so far we're in the hole. or we'll be coming home empty-handed. >> tell jeff to lift...
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Mar 12, 2013
03/13
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the banks. >> i don't think citi has hat a run, by the way. it's below where it was when they split the shares 10-1 three years ago p. what kind of run is that? >> all of the banks are below where they were. they're still like half of where they were. the point is they've all had a run. >> well, it had corrected 10%. caught back the 10% that it corrected. i think the stock is throwing book value in that period of time. it's cleaned up the balance sheet. it should be higher than where it was three years ago. >> birdie in my ear says citi supposed 18% this year alone. >> right. i said it had corrected and it came back. it's a run but where is it running from? >> to defend my friend steve, it pulled back 45 down to 39 and rallied from there sense. >> thank you. characteristic charity. >> thank you. >>> let's do the biggest pops and drops now in midday trading. blue mobile. >> they're going to have an online poker game. real money poker game. all of these stocks have gotten a pop from the online web betting. if you're in, just get out of them. >>
the banks. >> i don't think citi has hat a run, by the way. it's below where it was when they split the shares 10-1 three years ago p. what kind of run is that? >> all of the banks are below where they were. they're still like half of where they were. the point is they've all had a run. >> well, it had corrected 10%. caught back the 10% that it corrected. i think the stock is throwing book value in that period of time. it's cleaned up the balance sheet. it should be higher...
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Jul 24, 2013
07/13
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in the city. detroit's case, it was a near third world operating conditions, and the richest country in the world. >> right. >> and so much had gotten cut by way of social services. cuts to police. cuts to traffic lights. cuts to education. and finally, the city said enough's enough. >> so i guess which brings up the question, you know, if people knew this was coming, how impactful will this be? you say, you know, it was like a third world city in the richest country in the world. people were expecting that detroit would have real financial pressure. what is the impact from an investment standpoint and from the quality of life? >> well, the quality of life has been this way for a long time, and steadily it's been eroding still further. this is happening in too many cities and towns across america, where social services, because they can be cut are cut, because pensions and bonds constitutionally cannot be cut, they're the protected class. you're going to see a real issue, neighbor against neighbor
in the city. detroit's case, it was a near third world operating conditions, and the richest country in the world. >> right. >> and so much had gotten cut by way of social services. cuts to police. cuts to traffic lights. cuts to education. and finally, the city said enough's enough. >> so i guess which brings up the question, you know, if people knew this was coming, how impactful will this be? you say, you know, it was like a third world city in the richest country in the...
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Oct 31, 2013
10/13
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multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. >>> the israeli air force takes out russian missiles headed for hezbollah. we're joined for that and the top breaking stories. good evening, officially. >> good evening, larry. that's right. a u.s. government official tells nbc news israeli military forces destroyed a stockpile of russian missiles that the syrian government was reportedly prepared to deliver to hezbollah. the surface to surface russian-made missiles were in a syrian stockpile at a port near the russian naval base on the syrian coast. >>> staying in the middle east, crude oil sold off today as the obama administration stepped up pressure on the senate to hold off on another round of iran sanctions. the white house wants more time for nuclear negotiations to take hold. the senate banking committee had planned to introduce a bill next week that would blacklist iran's mining and construction sectors. the house overwhelmingly passed a similar bill in july. the cou
multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. >>> the israeli air force takes out russian missiles headed for hezbollah. we're joined for that and the top breaking stories. good evening, officially. >> good evening, larry. that's right. a u.s. government official tells nbc news israeli military forces destroyed a stockpile of russian missiles that the syrian...
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Aug 25, 2013
08/13
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>> it's really interesting because we have a tale of two cities in the markets right now. you have a couple leaders that are basically representing the index and how well the market's doing more broadly. facebook is a good example of that. these are big stocks doing exceptionally well. in facebook's case it's interesting, brian alluded to this, what we're seeing is basically some revenue surprises and earnings surprises naysayers. i will admit i was one of them. i will also tell you i think the valuation is getting questionable. so whether people should be taking their money and plowing it into these stocks at this point is a little more questionable. i think some of the stocks that haven't performed as well and where the fund flows are indicating, those might be a better opportunity than chasing facebook at ten times revenues. >> that's a good point about the valuation. scott, do you agree or disagree? >> i think mike makes a couple of points. i think the reason we see facebook, now it's a business, it's not a fetish, it's not a time waste where people spend time on their
>> it's really interesting because we have a tale of two cities in the markets right now. you have a couple leaders that are basically representing the index and how well the market's doing more broadly. facebook is a good example of that. these are big stocks doing exceptionally well. in facebook's case it's interesting, brian alluded to this, what we're seeing is basically some revenue surprises and earnings surprises naysayers. i will admit i was one of them. i will also tell you i...
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Jul 29, 2013
07/13
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, and 320 stores in some of the biggest cities in the u.s. and canada. now, the retailer plans to expand saks' footprint, especially up north. and, also, a mega pharmaceutical merger today. u.s.-based perrigo, which makes over-the-counter medicines, is paying $8.6 billion for irish drug company elan. it will allow a much lower tax rate as well as a platform for international expansion. now, kayla, we'll have to see what kind of fallout we get from the mega deals. we could see players in each of the three categories advertising retail and pharmaceuticals start to snap up some of the smaller companies so they can compete with these new mega merger companies. back over to you. >> all right, julia, thanks. out in l.a. what's next on the m&a horizon? >> with us now to discuss that is roger altman, the chairman of ever core partners. roger, thank you for being with us. welcome to "closing bell." >> nice to see you. >> what do you think we're going to see in the back half of the year in terms of m&a? i spoke with a bank executive last week who said
, and 320 stores in some of the biggest cities in the u.s. and canada. now, the retailer plans to expand saks' footprint, especially up north. and, also, a mega pharmaceutical merger today. u.s.-based perrigo, which makes over-the-counter medicines, is paying $8.6 billion for irish drug company elan. it will allow a much lower tax rate as well as a platform for international expansion. now, kayla, we'll have to see what kind of fallout we get from the mega deals. we could see players in each of...
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Jul 23, 2013
07/13
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but right now, the bankruptcy is full steam ahead for the city of detroit. >> all right, scott. >> reporter: back to you. >> scott cohn, thank you very much. scott cohn reporting from detroit. >>> the recent rallies in oil and gold continuing today. sharon epperson following all of the imex and has the details. >> reporter: hi, tyler. looking at a nice bounce in gold in the last half hour, 45 minutes. gold prices had been steady throughout the session, and not seeing the same momentum we saw after yesterday's $45 run up in gold prices. but today, we're looking at this afternoon a little bit more momentum here in the gold price as traders say the next key level to watch will be $1,350 an ounce. keep your eye on the oil market because brent crude has a premium over wti. let's see how long that lasts. we'll get the report from the industry trade group, the american petroleum institute, on weekly oil supplies coming out shortly this afternoon, and then, of course, tomorrow morning traders will be watching very closely what the energy department has to say and whether we'll see a fourth week of
but right now, the bankruptcy is full steam ahead for the city of detroit. >> all right, scott. >> reporter: back to you. >> scott cohn, thank you very much. scott cohn reporting from detroit. >>> the recent rallies in oil and gold continuing today. sharon epperson following all of the imex and has the details. >> reporter: hi, tyler. looking at a nice bounce in gold in the last half hour, 45 minutes. gold prices had been steady throughout the session, and not...
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Oct 12, 2013
10/13
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the action starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. these are the traders. it is you, the consumer, we are watching tonight. despite the rally in retail stocks, some troubling signs are emerging from very large retail names. is the d.c. dysfunction pinching americans' pocketbooks? let's get in the money and find on it right now. dan, i know you've been worried about retailers for a while, and now we have same-store sales data from the gap which really makes the picture worse. >> yeah, just this week. and this has been going on a couple months now. one of the interesting things to me, all areas of retail. it's low end to the high end. back in august, we had disappointments from macy's and nordstrom's. and we then on the low end had target and walmart disappointing and then in between, we had panera, some of these restaurants. so it's continued into this week. we saw limited, gap and costco miss their comps. so to me, it shows that there is a strained consumer out there regardless of whether the s&p is 1.5% back to its all-t
the action starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. these are the traders. it is you, the consumer, we are watching tonight. despite the rally in retail stocks, some troubling signs are emerging from very large retail names. is the d.c. dysfunction pinching americans' pocketbooks? let's get in the money and find on it right now. dan, i know you've been worried about retailers for a while, and now we have same-store sales...
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Jul 9, 2013
07/13
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we'll be able to talk about the economic issues facing the city. we're going to talk about the future of new york. >> i want to talk about the amount of the pension money going into commodities, but we'll save that discussion for the next go-around. >> i'll come back and have that discussion. >> when you come back, yes. good luck. thank you. scott stringer, running for new york city comptroller here in new york city. and we'll hear from governor spitzer tomorrow morning on "squawk box," 8:30 a.m. eastern time here on cnbc. >>> let's send it back to hq. josh lipton now has a quick "market flash." >> reporter: we just got a note here from citigroup, which we want to share with you. analysts there initiating coverage of the internet sector, telling their clients they are bullish on industry fundamentals. they say that the internet industry is still in the early innings of its growth cycle. their top picks in order, google, amazon, yahoo! ebay and aol. by the way, the analysts here, mark may, will be on "fast money," so tune in for that tonight. >> jos
we'll be able to talk about the economic issues facing the city. we're going to talk about the future of new york. >> i want to talk about the amount of the pension money going into commodities, but we'll save that discussion for the next go-around. >> i'll come back and have that discussion. >> when you come back, yes. good luck. thank you. scott stringer, running for new york city comptroller here in new york city. and we'll hear from governor spitzer tomorrow morning on...
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Feb 1, 2013
02/13
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i don't own it at the moment. i really like citi and bank of america. i like the investment banks and the small investment banks as well >> you think we'll get some dividends, anton? >> i think everybody is increasing already. already got amountment out of comerica and bbmt so we'll continue to get dividend increase. >> jamie dimon said that's the plan, we'll raise the diffidents so he shuttinged the buyback might be smaller than a year ago. fred, break it down for us. what do you like in terms of the bank stocks, and what do you want to avoid here? >> the ones from the beginning of the story, never will they get back to the pre-peaks. the reason why we won't get to the pre-peaks is the big issuance during the crisis. what do we have the best outlook for and that's restructuring. going forward that's citigroup. our number one pick in that space. looking away, this interest rates environment is tough on earnings. at anton say, looking for capital higher rates. we'll bev it there. thanks for having you on the prom. bank stocks long a lowered for this mark
i don't own it at the moment. i really like citi and bank of america. i like the investment banks and the small investment banks as well >> you think we'll get some dividends, anton? >> i think everybody is increasing already. already got amountment out of comerica and bbmt so we'll continue to get dividend increase. >> jamie dimon said that's the plan, we'll raise the diffidents so he shuttinged the buyback might be smaller than a year ago. fred, break it down for us. what do...
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Feb 1, 2013
02/13
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one of the few losers today down almost 3%. likely on continuation from its earnings earlier in the week. stock also getting hit with multiple downgrades over the last few days. interesting that those high flyers in technology like facebook and apple are down on a day where the markets are up so significantly the dow up 139. the moment you've all been waiting for in honor of jobs friday. we've been asking our viewers to tweet us their week long, all week long their guess estimates of today's jobs number. a couple of you actually nailed the number but only one got the entry in first. adrian texiera trader, father of three boys from pembroke pines, florida tweeted in exactly 157,000 early thursday. couldn't join us this morning but did tell us earlier he plans to hang the blanket in his office. congratulations to you. that's it for us on this dow 14,000 day. as we hit noon let's get to fast money halftime over at post 9. >> thanks, carl, a special edition of halftime today live from the new york stock exchange where we've watched
one of the few losers today down almost 3%. likely on continuation from its earnings earlier in the week. stock also getting hit with multiple downgrades over the last few days. interesting that those high flyers in technology like facebook and apple are down on a day where the markets are up so significantly the dow up 139. the moment you've all been waiting for in honor of jobs friday. we've been asking our viewers to tweet us their week long, all week long their guess estimates of today's...
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Oct 30, 2013
10/13
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i worked a patrol unit for 17 years in the city of baltimore. when i first started experiencing the pain, it's, it's hard to describe because you have a numbness... but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. when i went back to my healthcare professional... that's when she suggested the lyrica. once i started taking the lyrica, the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new, or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, changes in eyesight including blurry vision, muscle pain with fever, tired feeling, or skin sores from diabetes. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs a
i worked a patrol unit for 17 years in the city of baltimore. when i first started experiencing the pain, it's, it's hard to describe because you have a numbness... but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. when i went back to my healthcare professional... that's when she suggested the lyrica. once i started taking the lyrica, the pain started subsiding. [ male announcer ] it's...
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Aug 8, 2013
08/13
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of those cities, in the fit family challenge. a community wide program that offers free classes that inspire families to get out, enjoy moving together, and even track their activity online. it's part of our goal to inspire more than three million people to rediscover the joy of being active this summer. see the difference all of us can make... together. >>> welcome back. richard fisher says the fed needs to start tapering bond mur ch purchasing in september. richard fisher now with me exclusively. richard, good to have you on the program. welcome back. >> good to see you, maria. >> good to have you back. we aren't betting men and women at the federal reserve. >> what would you like to see? >> i think it's, personally, i think it is timely, assuming the data keeps moving in the direction it's been going. for us to begin to dial back the monetary accommodation we provided for the system. i think the chairman articulated this well in june at his press conference. if you listen to the speeches made this week, i spoke monday. press l
of those cities, in the fit family challenge. a community wide program that offers free classes that inspire families to get out, enjoy moving together, and even track their activity online. it's part of our goal to inspire more than three million people to rediscover the joy of being active this summer. see the difference all of us can make... together. >>> welcome back. richard fisher says the fed needs to start tapering bond mur ch purchasing in september. richard fisher now with me...
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Jun 3, 2013
06/13
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but the city venue, the venue in a class by itself is madison square garden. it will remain that way. >> that said, there's a lot to be said for the buzz factor and the amount of publicity that gets showered on some of these places because there's involvement from a jay-z. you guys have marketing costs to take into factor. what's your response going to be? who's going to be your jay-z? >> i think madison square garden itself is jay-z. madison square garden, it's the mecca of sports. it's the mecca of entertainment. again, it defines itself. it's the standard by which everything else gets measured. it is truly the world's most famous arena. if you go look, look at poll star, leading publication, 18 out of the last 20 years we've been the venue of the year. even over the last few years when the garden's been closed for five months for the transformation project. >> if you're -- is it true that you're bidding to redevelop and manage the nasa coliseum? that's fact? >> we think the coliseum is a great, great opportunity. sitting right in our backyard. >> let me ask
but the city venue, the venue in a class by itself is madison square garden. it will remain that way. >> that said, there's a lot to be said for the buzz factor and the amount of publicity that gets showered on some of these places because there's involvement from a jay-z. you guys have marketing costs to take into factor. what's your response going to be? who's going to be your jay-z? >> i think madison square garden itself is jay-z. madison square garden, it's the mecca of sports....
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Dec 4, 2013
12/13
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the citi downgrade, it was a downgrade but they raised the price target. you added some of the reasons behind it as well. >> i like citi. it's my chicken way of playing emerging markets but the whole yield curve. europe, the markets there are not tremendously overvalued. they've come a long way. >> so have the banks. >> right. >> you've had a lot of banks shrink. the ones that now have the balance sheets will pick up the share and do very well. >> let's stick with the europe trade. european stocks are lower, extending losses for a fourth day in a row. let's bring in resident europe expert jemaah godfrey. she joins us live from london with her 2014 playbook from europe. nice to see you again. >> thank you very much. >> let me get your opinion on this goldman call, buy large cap banks not only in the u.s. and japan but europe. is that the right call. >> financials will separate. the men from the boys, the women from the girls. the reason behind that is the key differential factor will be over balance sheets. investors at the moment are trying to look for val
the citi downgrade, it was a downgrade but they raised the price target. you added some of the reasons behind it as well. >> i like citi. it's my chicken way of playing emerging markets but the whole yield curve. europe, the markets there are not tremendously overvalued. they've come a long way. >> so have the banks. >> right. >> you've had a lot of banks shrink. the ones that now have the balance sheets will pick up the share and do very well. >> let's stick with...
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Jul 8, 2013
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new york city may be the financial capital of the world, but the state? one of the best places for business? our own scott cohn is hitting the road again to find out the best states for american business. his preview and his first clue are straight ahead. >>> also, questions about possible pilot error are being raised in the wake of the san francisco air crash. so how good are today's pilots, and how much experience do they have? how can you find out how experienced your pilot is? we'll answer these important questions when we come back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run dif
new york city may be the financial capital of the world, but the state? one of the best places for business? our own scott cohn is hitting the road again to find out the best states for american business. his preview and his first clue are straight ahead. >>> also, questions about possible pilot error are being raised in the wake of the san francisco air crash. so how good are today's pilots, and how much experience do they have? how can you find out how experienced your pilot is?...
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Jan 6, 2013
01/13
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citi better have a lot of money in the bank. dan's put calendar can make money whether citi goes up or down. he is hoping for it to go down by the second expiration and his trade risks just $35. it's the other big story today, gold and silver losing serious luster. the firmer dollars sending gold and silver to their worst losing streaks in over eight years. is there more pain in store, especially for silver? let's call to the charts the man who tears up watching reruns of silver spoons, carter braxton. carter, kidding aside, you did correctly call the crash of silver in april of last year. what do you see now? >> what's important it's not just silver, it's gold, it's the yen, it's all things that are considered safe havens, they're coming apart. here's a daily chart going back two years. what's important about this is the level here. we're on the cusp of breaking these well defined intermediate lows. we closed $30 down. we think we're dropping as low at 20. take a look at this same chart, but longer term. what's important about
citi better have a lot of money in the bank. dan's put calendar can make money whether citi goes up or down. he is hoping for it to go down by the second expiration and his trade risks just $35. it's the other big story today, gold and silver losing serious luster. the firmer dollars sending gold and silver to their worst losing streaks in over eight years. is there more pain in store, especially for silver? let's call to the charts the man who tears up watching reruns of silver spoons, carter...
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Jan 16, 2013
01/13
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for the men and women in big cities and small towns who fall victim to senseless violence each and every day. for all the americans who are counting on us to keep them safe from harm. let's do the right thing. let's do the right thing for them and for this country that we love so much. thank you. i'm going to sign these orders. [ applause ] [ applause ] >>> welcome to the halftime report, everyone. i'd like to welcome you here. 17 minutes past noon in the east where we have been listening to president obama lay out what certainly can be called the most aggressive and sweeping gun control measures in many decades. n this country. nearly two dozen in all. a combination of executive orders and proposals which will have to go through congress. those include universal background checks and also a renewed ban on military style assault weapons. including a limit on high capacity magazines. the president knows it will not be easy to do this task, saying, it will be difficult. this will be difficult. yet they are common sense proposals, in his words. eamon javers is live at the white house. he's
for the men and women in big cities and small towns who fall victim to senseless violence each and every day. for all the americans who are counting on us to keep them safe from harm. let's do the right thing. let's do the right thing for them and for this country that we love so much. thank you. i'm going to sign these orders. [ applause ] [ applause ] >>> welcome to the halftime report, everyone. i'd like to welcome you here. 17 minutes past noon in the east where we have been...
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Jul 23, 2013
07/13
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you have the whole city bankruptcy. you have a tremendous crime problem, you have the tax problems, among the highest of any city in the country. but you also have this blight problem which you are trying to tackle i take it. can you tell us more about that? >> my grandfather helped found america's largest home builder in detroit at the age of 18. we're taking that massive scale model to the 139 square miles of detroit affected by blight. >> now, i ask you the same question i asked bob marsh. who supplies -- where does the capital come from? how do you attract investment? >> they asked for $2.5 billion and to fix the public safety issues, to clean up the city, we need to attack it with blight removal. we need to reinvest in the city, and keep up all the great things going on downtown. first we got to clean up the city and take a massive approach. the one we're applying is different, it's not a sporadic approach. we're trying to take it across the city, larry. >> i wish you all the luck in the world. it's a very noble ef
you have the whole city bankruptcy. you have a tremendous crime problem, you have the tax problems, among the highest of any city in the country. but you also have this blight problem which you are trying to tackle i take it. can you tell us more about that? >> my grandfather helped found america's largest home builder in detroit at the age of 18. we're taking that massive scale model to the 139 square miles of detroit affected by blight. >> now, i ask you the same question i asked...
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Jun 4, 2013
06/13
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the conference live in new york city. welcome, nice to have you on. >> thanks, scott, thanks for having me. >> do you have a best name in the space in the environment we're in with the prospect of rates going up? >> well, rising rates is one of the key themes we're trying to play. last week we actually put out this piece called banking 201, which is everything interest rates in the banks, how the banks benefited from rising rates, flattening yield curve and to sum it up, the two names that screen well are morgan stanley and jp morgan. it's all about morgan and morgan from our point of view. >> what about the traders on the desk here? >> morgan and morgan. i get jp morgan, why not step down a little bit and take citi which also has a run but noz a big a run in terms of fundamentals where's it's pent up mismanagement and going ahead in the right direction. >> yeah, i think we've been a big fan of citi and still are, we think there's more upside from here in jp morgan. it trades at the discount on earnings to citi and peers.
the conference live in new york city. welcome, nice to have you on. >> thanks, scott, thanks for having me. >> do you have a best name in the space in the environment we're in with the prospect of rates going up? >> well, rising rates is one of the key themes we're trying to play. last week we actually put out this piece called banking 201, which is everything interest rates in the banks, how the banks benefited from rising rates, flattening yield curve and to sum it up, the...
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Sep 20, 2013
09/13
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but i want to first report on the strong comments from kansas city fed president, voted against the fed decision at the meeting earlier this week, not to reduce stimulus to the economy. here's what george said. she is disappointed by the fed decision not to taper. the fed faces challenges to its credibility and predictability. the fed risk confusing its message on the taper and needs to be more clear about the path of future rates and the fed needs credibility to ask the markets to trust forward guidance in the future. she thought a lower unemployment -- the lower unemployment rate and sufficiently positive data was enough for the fed to taper at the wednesday meeting. and she said the fed is not taking into account the potential costs of qe. and markets she said could sometimes get it wrong and the fomc cannot let markets dictate policy. let's talk about those comments that sue told us about from st. louis fed president jim bull hard in the past few minutes. he's talked but this is newer stuff today at 55. the recent surprises show that qe works. he points out there was a june surp
but i want to first report on the strong comments from kansas city fed president, voted against the fed decision at the meeting earlier this week, not to reduce stimulus to the economy. here's what george said. she is disappointed by the fed decision not to taper. the fed faces challenges to its credibility and predictability. the fed risk confusing its message on the taper and needs to be more clear about the path of future rates and the fed needs credibility to ask the markets to trust...
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Apr 19, 2013
04/13
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we also want to speak to the residents and the public within the town of watertown and the cities and towns that are abutting watertown and to be specific, we are speaking to the residents of watertown, newton, walham, belmont, cambridge and the austin/brighton neighborhoods of boston. to those people, we are asking you to stay indoors, to stay in your homes for the time being. we are asking businesses in those areas to please cooperate and not open today until we can provide further guidance and information. so, again, to repeat, to the residents of watertown, newton, waltham, belmont, cambridge and the austin/brighton neighborhoods of boston, we are asking you to stay home, stay indoors. we are asking businesses not to open. we are asking people not to congregate outside. we're asking people not to go to mass transit. and we are hopeful that as the day proceeds, that we can provide further guidance, that we'll be able to open portions of the system and be able to ease these restrictions. but we are imposed to that now. let me just ask chief deveaux, for the town of watertown, is the
we also want to speak to the residents and the public within the town of watertown and the cities and towns that are abutting watertown and to be specific, we are speaking to the residents of watertown, newton, walham, belmont, cambridge and the austin/brighton neighborhoods of boston. to those people, we are asking you to stay indoors, to stay in your homes for the time being. we are asking businesses in those areas to please cooperate and not open today until we can provide further guidance...
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Jul 9, 2013
07/13
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tomorrow night, join us here on "the kudlow report" when we have another new york city controller candidate, kristin davis. she knows spitzer very well, because she's a former madam in the prostitution scandal that forced spitzer to step down. ion. who is healthier, you or your car? i would say my car. probably the car. cause as you get older you start breaking down. i love my car. i want to take care of it. i have a bad wheel - i must say. my car is running quite well. keep your car healthy with the works. $29.95 or less after $10 mail-in rebate at your participating ford dealer. so you gotta take care of yourself? yes you do. you gotta take care of your baby? oh yeah! ♪ norfolk southern what's your function? ♪ hooking up the country helping business run ♪ ♪ trains! they haul everything, safely and on time. ♪ tracks! they connect the factories built along the lines. and that means jobs, lots of people, making lots and lots of things. let's get your business rolling now, everybody sing. ♪ norfolk southern what's your function? ♪ ♪ helping this big country move ahead as one â
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Oct 18, 2013
10/13
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the dow is down 450 points in very heavy trading as wall street reacts to the terrorist attack of the new york city subway system. >> they knew that bad things would happen. >> is that what's happening now? >> when i was a kid, my favorite teacher was mr. james. mr. james said, world events all resolve around five things. m-o-n-e-y. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. not double-talk. if you have the nerve to believe that in a puzzling financial world, clarity is king. [ man ] if you believe nothing beats a sit-down for knowing where you stand. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] for 90 years, it's how edward jones has made sense of investing. [ male ann
the dow is down 450 points in very heavy trading as wall street reacts to the terrorist attack of the new york city subway system. >> they knew that bad things would happen. >> is that what's happening now? >> when i was a kid, my favorite teacher was mr. james. mr. james said, world events all resolve around five things. m-o-n-e-y. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's...
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Nov 1, 2013
11/13
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would you take a look at the gains? holy cow! sunpower, solar city, seen monster rallies. i mean, throw it out there. fundamentals, guys, or bubble, pete? >> i think there are bubbles inside of that category you're looking at, but first solar is not one of those. when you look at them trading now, the fact they raised the earnings, scott, they're capable of industrial sized parks, and it's trading a 14, 15 p/e. if you look at the cash position, it's outstanding. they got almost no debt. they're doing everything right, and i think the fact that buffett has actually done some deals with these guys says a lot about who they are, what they are, what they're capable of doing. >> it's up 90%, but still only 60% of what it was in 2011. pete's point, a secular story, and it's got higher to go. >> dan nathan was worried about solar stocks off the top. at least, what -- how could you not be to some respect, 450% sunpower, solar city, 360%. those are insane gains. >> laszlo just told us, no animal spirits in the markets. regardless of the balance sheet, the earnings potential, it loo
would you take a look at the gains? holy cow! sunpower, solar city, seen monster rallies. i mean, throw it out there. fundamentals, guys, or bubble, pete? >> i think there are bubbles inside of that category you're looking at, but first solar is not one of those. when you look at them trading now, the fact they raised the earnings, scott, they're capable of industrial sized parks, and it's trading a 14, 15 p/e. if you look at the cash position, it's outstanding. they got almost no debt....
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Nov 20, 2013
11/13
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the city says the s.e.c. is trying to turn political and budgetary decisions it disagrees with into securities violations. the s.e.c. wants damages and ultimately real reform. >> and real reform not just here in miami, but nationwide. the municipal bond market is huge, about $3.6 trillion. people go in there because it's safe, because of the tax benefits but it's actually in many ways one of the least regulated markets around. how safe is your municipal bond investment? is the muni bond market about to blow up? we have a lot more about that in our special report on-line at cnbc.com/is ci daum slsh cnbc.com/cities. from here we'll go up to baltimore, a city dealing with a lot of infrastructure issues particularly with its aging water system and not enough funds to fix it. that's another issue that's plaguing cities across the country. we want to hear from you on twitter use the #savingourcities. >> scott reporting from miami. >>> the l.a. auto show is in full swing with the spotlight on the latest and hottest
the city says the s.e.c. is trying to turn political and budgetary decisions it disagrees with into securities violations. the s.e.c. wants damages and ultimately real reform. >> and real reform not just here in miami, but nationwide. the municipal bond market is huge, about $3.6 trillion. people go in there because it's safe, because of the tax benefits but it's actually in many ways one of the least regulated markets around. how safe is your municipal bond investment? is the muni bond...
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May 16, 2013
05/13
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now, in new york city, taxes about $6 for each pack of cigarettes, so the ring alledgedly dodged some $80 million in taxes meant for new york. this, as you were saying earlier, was a major takedown for investigators. they are doing high-tech surveillance on these 16 palestinians for about a year, following from the air, following from the ground, until they actually made the arrest late yesterday. right now they have 15 in custody. one has gone off to jordan. they are trying to track him down over there as we speak. i'll send it right back to you guys in the studio. >> okay. andrea, reporting there live from manhattan. thanks for that. >>> 12 minutes to go before we close it up. worst day in two weeks for the stock market. dow's down 50. >> which tells you a lot about the last two weeks. >>> coming up next, philadelphia trust michael crofton explains why he thinks investors should be keeping one eye on the exit door. >> and john harwood asking just how far up the food chain the irs scandal actually goes. >> do you personally have any reason to believe, or do you believe, that the whit
now, in new york city, taxes about $6 for each pack of cigarettes, so the ring alledgedly dodged some $80 million in taxes meant for new york. this, as you were saying earlier, was a major takedown for investigators. they are doing high-tech surveillance on these 16 palestinians for about a year, following from the air, following from the ground, until they actually made the arrest late yesterday. right now they have 15 in custody. one has gone off to jordan. they are trying to track him down...
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May 21, 2013
05/13
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"fast money" begins right now. >>> live from the nasdaq marketsite in new york city's times square, i'm scott wapner in tonight for melissa lee. here's what we're following on "fast." safety bubble. why one of our guests says it's time to avoid the stocks that have led the rally before it's too late. next frontier. how a $50 smartphone could change the industry forever. stop digging. the gold miners can't seem to get out of a hole, but should the markets trash be your treasure? we're tackling the post-game analysis and setup for tomorrow wour traders theeng. steve grasso, tim seymour, karen finerman, dan nathan. mike kuo. but first our top story. the bull run, another record-setting day for stocks. but wall street continues to play catch-up. today goldman sachs putting out a 1750 target on the s&p for this year. the forecast for the bulls continue to run for another three years. at high as 2100 in 2015. dan nathan. believe this? >> listen, they're calling the end of u.s. stagnation, and they think they should see multiple expansion. and -- >> mularket stagnation or econoc stagnation? >>
"fast money" begins right now. >>> live from the nasdaq marketsite in new york city's times square, i'm scott wapner in tonight for melissa lee. here's what we're following on "fast." safety bubble. why one of our guests says it's time to avoid the stocks that have led the rally before it's too late. next frontier. how a $50 smartphone could change the industry forever. stop digging. the gold miners can't seem to get out of a hole, but should the markets trash be...
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Aug 5, 2013
08/13
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he said, quote, the city must know the current value of all of its assets, including the city-owned collection at the dia, and orr's statement goes on to say there's never been, nor is there now any plan to sell the art, this valuation as well as the valuation of other city assets is an integral part of the restructuring process. it is a step the city must take to reach resolutions with its creditors. it goes on to say that this is needed for the strong future of detroit and its residents. he said the auction house will also advise the city on, quote, nonsale alternatives. unclear what that means. christie's will be valuing works like van gogh's self-portrait, and the collection includes working by picasso and others. christie's is confirming the hiring, saying it will, quote, continue to focus the efforts on being a positive force in both the interest of the city and the arts community, including working with our fellow arts professionals at the dia. this is important, because while there was speculation they could sell this work, there had never been the official hiring for an assessment or
he said, quote, the city must know the current value of all of its assets, including the city-owned collection at the dia, and orr's statement goes on to say there's never been, nor is there now any plan to sell the art, this valuation as well as the valuation of other city assets is an integral part of the restructuring process. it is a step the city must take to reach resolutions with its creditors. it goes on to say that this is needed for the strong future of detroit and its residents. he...
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Jun 10, 2013
06/13
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where i really see it right now is at the extreme high end, the real uber luxury world. you know, christy's talks about a new era in art and you have all these pencil buildings going up in new york city that are incredible efficient and expensive to build. you know, the "wall street journal" runs a section on thoroughbreds and how to house your horse in their manson section, of all things. you know, these to me are all signs of extraordinary confidence at the high end. >> you know, it's not just stock markets. i had someone write in on the comments section of the linkedin section, i'm in silicon valley and you see some of the same signs there. they are different but look at big commercial rental rates. they look at the perks for employees currently in the valley, high levels. you sort of can feel it, you know, and it's an intangible of sorts. >> and they are talking about google creating a whole new hangar at the airport for its fleet of aircraft. i mean, that to me is just another sign of that uber confidence that you see at the top. >> and that's what you call organiza
where i really see it right now is at the extreme high end, the real uber luxury world. you know, christy's talks about a new era in art and you have all these pencil buildings going up in new york city that are incredible efficient and expensive to build. you know, the "wall street journal" runs a section on thoroughbreds and how to house your horse in their manson section, of all things. you know, these to me are all signs of extraordinary confidence at the high end. >> you...
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Jul 10, 2013
07/13
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of the city and nationally. if you want to use it in a creative way for the benefit of the people. >> would it be a positive to have him pushing for change at companies as the large shareholder there? >> well, i think it's a positive for comptroller to do that. i haven't endorsed eliot spitzer. i haven't endorsed scott stringer who is running. but eliot and scott both would bring a lot of energy and intelligence to the job. and that's what -- and creativity. because that job gives a lot of benefit to somebody who can be creative and innovative. >> we had scott stringer on yesterday. he kept saying, look, it's not about spitzer, and it's funny, because i think if the shoe was on the other foot, there would be mudslinging. but he's sort of keeping out of that. i wonder if that's smart or not? >> well, we don't even know if eliot will be on the ballot. so right now, i think he's holding his fire. that's probably the right thing to do. >> all right. great insights from you both. thank you so much, elizabeth. appreci
of the city and nationally. if you want to use it in a creative way for the benefit of the people. >> would it be a positive to have him pushing for change at companies as the large shareholder there? >> well, i think it's a positive for comptroller to do that. i haven't endorsed eliot spitzer. i haven't endorsed scott stringer who is running. but eliot and scott both would bring a lot of energy and intelligence to the job. and that's what -- and creativity. because that job gives a...
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Mar 27, 2013
03/13
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more of these cars in new york city than anywhere else. >> but daniel craig was at the debut. nothing lends the credibility to a british brand like 007. and i should be used to product placement in bond movies. but for me, for james bond to be touting an suv, what's next? a minivan? >> what's next? is he going to tout a minivan and have a baby. >> you see a ton of these in la. not like you're driving through the tundra. they seem like two cities where they are not necessary. >> have you seen the roads in manhattan? >> isn't the movement towards more compact and fuel efficient vehicles. in that way it doesn't make sense to me. >> ferrari is launching a hybrid. for the wealthy, green is clearly the new black. they love to be seen as driving i efficiently. >> i like it. i like that he is driving like a daddy car. you can't fit a child safety seat in the back of an aston martin. >> one of the james bond aston martin cars is available on the market for 3.42 million pounds. the aston martin was in the latest james bond movies. i just think -- there are so many great cars out there t
more of these cars in new york city than anywhere else. >> but daniel craig was at the debut. nothing lends the credibility to a british brand like 007. and i should be used to product placement in bond movies. but for me, for james bond to be touting an suv, what's next? a minivan? >> what's next? is he going to tout a minivan and have a baby. >> you see a ton of these in la. not like you're driving through the tundra. they seem like two cities where they are not necessary....